The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-03
PUSHING on TO TEXAS.
A NEW SOUTHWESTERN RAIL
WAY OUTLET ORG ANIZED.
Almost Entirely a Memphis Enter
prise, With Hearty Good VII
From Arkansas.
THE MEMPHIS, ARKANSAS AND
TEXAS RAILWAY.
Partial List Of Stockholders and
lii ectors-WOrk TO Re Com.
menced at Oace.

Inc lar reaching lnnu nee OIL MEM
phis as a commercial center is attract
log attention from every quarter Of the
country. Men If means looking for
solid and fruitful investments have
come here in large numbers prospect
leg. and many OF them profit by the
visit. Nearly every railroad projected
in this direction looks 10 Memphis as
an objective point, and other evidences
are daily coming to light, foreshadow-
ing this 90 the future great Of the
Sou Invest.
Tnis encouraging outlook has inspir-
I'd local capitalists with unbounded
confidence Ia the stability of home in
situations AID enterprises, and young
fortunes are being expended almost
daily in channels which promise hand-
s)me returns tC the investors IS Well
large contributions to the city ct large.
For a year past.is has been evident
that lito southwest from this point
was only a mstter OF short time. The
enterprising business men of this city
have been constantly pnshing into
that important territory, and the trade
has rendered railroad in that direc-
ton a necessity. The country was not
the most inviting through which q
railroad could bs built, but once in
running order, success was assursd.
This difficulty and expense Of construc-
ton, in the face of such prospects,
did not deter local public spirited snd
determined capitalists from taking
tteps TO secure the line. 1t has been
discussed quietly for months past, and
Yesterday reached point that insures
its construction.
The road, known as the Memphis,
Arkansas aud Texas Air Line, will
start from West Memphis, thence
down the west bank of the Mississippi
to Bledsos's Landing. From there it
will run a westerly course to OaIei.
;'on, to reach which point only eight
miles of bottom will have to be ira.
versed; thence to Mariana and Pine
Bluff. When completed to that point
it will be equipped with rolling stock
and regular trains put on. Building
operations will then be continued un-
til the road is through to Monroe, La,
where another line is being construct-
ed to Jt ffersou, Tex. These two lines
ere on friendly terme, agreements for
traffic rates being already entered into.
At meeting Of projectors and stock.
holders, held in the office of George
Gillham yesterday afternoon, the
following officers were elected:
President, George Arnold; vice
president, Holmes Cummins;
Treasurer, @. W. Schultz; Secretary,
George Gillian: Attorneys, Miller 4
Gilman Chief Engineer, I. G. Dab.
ney. A Board OF Directors wa, also
elected, and they directed the engin-
eer to make a preliminary survey as
soon as practicable, so that work may
be comm snced at once, The capital
stock is $2,500,000
Among the stockholders and direct
tors are the following we'll known
gentlemen, whose financial standing
indicst the true charac r # the
enterprise: Napoleon Hill, President
of the Uniun and Planers Ba k; N.
M. Jones'. President First National
Bank; John W. Cochran, President
German Bank; d. I. Porter, President
Memphis National Bank; Nolan Fon-
tame, President Factors' Insurance
Company; t. B. Sims, President Arl-
ington and Cit'zAns' Insurance Com
IA lies; J. II, Smith, Cashier Memphis
National Bank; Edward Goldsmith,
cashier German Bank; Holmes Gum
Minis, attorney for the Huntington
sys,em of railroads; r. F. Patterson,
Tt omas F. Daffin, John X. Speed,
VIM. r. Moore, s. ii Brooks, NJ. @
Pearce, and q. +. d Carrie, practical
railroad man, all # this city; DE-.
George B. Pee IS, member OF the Ar
! a lsas senate; John M. Ii 4witt,
Speaker OF the lower house of ths Ar
kansas Legislature; W. o. Flynn,
Henry P. Roge g, John r jarrett aud
]. Lesser, Of Marienna, the latter
President OF the Lee County Bank.
The charter has already been &c.
cured from Arkansas, and every ar
rapgsment made for active building
operations as soon as the survey ia
complete and an estimate OF the cost
secured. As will be seen from the
names above, the read is almost en-
tirely Memphis enterprise, and will,
OF course, be run exclusively for the
hest interests oil the city.
At the lowest calculation, it
will add 100000 bales Of cotton
to the annual recsipts here besides
other farm products, Ia exchange
supplies Will be furnish cd the produc-
CTS, and in this way Furnishing bust
ness both for the road aud merchants
will be worked up. 1t is only an out
growth of tho necessities Of the day,
aud its speedy completion should and
will no doubt be heartily encouraged
and facilitated in every possible way.